Debt ceiling increase will be easier this time, one analyst says

One analyst predicts that the gridlock will lessen in Washington in 2014, beginning with the fight over increasing the debt ceiling.

“I don’t think there’s any political reason why they’ll fight over this, at least not to the degree that they have in the past,” Mark Zandi, chief economist at Moody’s Analytics, said Wednesday on CNN.

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“While it won’t be painless, it’ll feel a lot better this time,” he continued.

Congress showed some bipartisan cooperation earlier this month, rolling out a bipartisan budget proposal written by Rep. Paul Ryan, Wisconsin Republican, and Sen. Patty Murray, Washington Democrat. While Mr. Ryan has said Republicans will look to get something out of the debt ceiling increase, Democrats have insisted on a clean increase without any other attachments.